That was a bit of a head scratcher for me because I am not an attorney. 

Build the job in your head, make sure you're thinking of everything involved.

While I definitely jumped head first into this deal and make some mistakes, I did have some help with some experienced people around me.  

@Bob Bowling up at the top of the thread, just to the right and below the thread's "heading" there are three buttons "follow topic" "start new thread" and "reply here".

This seems some what reasonable but then he added the comment that any minor repairs will have to be paid by me. 

Sounds like Robert is heading to jail for predatory dealing LOL, doesn't matter what the market is, unless the market is changing very fast, pumping up the sale price on some dump overvaluing it with seller financing is classic predatory lending.

I have 1 duplex that we rent both units out and have about $300 in cash-flow until we pay of a loan we got for the down payment from my father in law. We should have that paid off in 3 1/2 years. After that we will ca...

I am just hoping I am not getting myself in over my head!

I'm not a heartless professional wholesaler who over inflates values and lies on repairs,  and I don't prey on new investors, but if the buyer is a "big boy" I don't try to get in his head and determine why he would pay the price he pays.Hope that helps.

So once you wrap your head around the mechanics you need to look for motivated sellers.